Linde (LIN) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Linde published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Linde reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• In Q3 2026 Linde moved its U.S. homecare business from the Americas segment to Other and recast prior periods. The year-ago segment figures above are the recast ones from the 10-Q.
• Linde's release prints its financial tables as images; the segment figures here are from the Q3 2026 Form 10-Q.

Source: Linde Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Linde splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Linde's Americas revenue was $3.6 billion in Q3 2026, up 11% from $3.3 billion in Q3 2025, 38% of total revenue.
• Linde's EMEA revenue was $2.3 billion in Q3 2026, up 7% from $2.2 billion in Q3 2025, 25% of total revenue.
• Linde's APAC revenue was $1.9 billion in Q3 2026, up 12% from $1.7 billion in Q3 2025, 21% of total revenue.
• Linde's Engineering revenue was $582 million in Q3 2026, up 12% from $519 million in Q3 2025, 6% of total revenue.
• Linde's Other revenue was $944 million in Q3 2026, up 2% from $924 million in Q3 2025, 10% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Linde said:

“For the fourth quarter of 2026, Linde expects adjusted diluted earnings per share in the range of $4.40 to $4.50, up 5% to 7% versus prior-year quarter, with no expected impact from foreign currency translation.”

“For the full year 2026, the company expects adjusted diluted earnings per share to be in the range of $17.82 to $17.92, up 8% to 9% when assuming favorable currency of 2% versus prior year.”

“Full-year capital expenditures are expected to be in the range of $5.5 billion to $6.0 billion to support growth and maintenance requirements including the $7.9 billion contractual sale of gas project backlog.”

Source: Linde Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the LIN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Sales and GAAP diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Linde's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Linde reports three industrial gas segments by geography plus Engineering and an Other category. Of $9,404 million in Q3 2026 sales, Americas brought in $3,601 million, EMEA $2,327 million, APAC $1,950 million, Engineering $582 million and Other $944 million, which includes the U.S. homecare business moved out of Americas this quarter. (Linde Form 10-Q, Q3 2026, Oct 29, 2026)

Linde sells gases three ways. Packaged Gas was $3,147 million, or 33% of sales, Merchant $2,922 million (31%) and On-Site $2,157 million (23%), with the remaining $1,178 million from Engineering and other sales. On-site customers are supplied by pipeline from plants Linde builds on or next to their sites, under contracts typically running 10 - 20 years with minimum purchase requirements. (Linde Form 10-Q, Q3 2026, Oct 29, 2026)

Linde's sales rose 9%. Underlying sales grew 5%, from 3% price attainment and 2% volumes, mainly in electronics, chemicals & energy and manufacturing; currency, acquisitions, cost pass-through (contractual billing of energy cost variances, mostly to on-site customers) and engineering sales each added 1%. (Linde Q3 2026 release, Oct 29, 2026; Linde Form 10-Q, Q3 2026, Oct 29, 2026)

Linde's Americas sales rose 11%, with underlying sales up 9% on 6% higher pricing and 3% higher volumes. APAC rose 12% on 3% pricing and 5% volumes, including electronics and project start-ups, and EMEA rose 7%, with underlying sales up 3% led by healthcare and food & beverage. Engineering had order intake of $499 million and a third-party sale of equipment backlog of $2.9 billion. (Linde Q3 2026 release, Oct 29, 2026)

Linde's GAAP diluted EPS was $3.66 in Q3 2026 and its adjusted EPS $4.59, against $4.09 and $4.21 a year earlier. Adjusted figures exclude Linde AG purchase accounting impacts ($162 million of net income in the quarter) and cost reduction program and other charges ($265 million). Pretax, those charges were $425 million: $200 million of global severance, $42 million of other cost reduction charges and $183 million of non-cash charges primarily related to the U.S. homecare business. (Linde Q3 2026 release, Oct 29, 2026; Linde Form 10-Q, Q3 2026, Oct 29, 2026)

Linde's GAAP operating margin was 22.9% and its adjusted operating margin 29.4%, 30 basis points lower than a year earlier but flat excluding cost pass-through. The reported effective tax rate was 21.1%, against 18.0%, and the adjusted rate 23.8%, against 22.7%. (Linde Q3 2026 release, Oct 29, 2026; Linde Form 10-Q, Q3 2026, Oct 29, 2026)

Linde's diluted shares outstanding fell 2% to 462,512 thousand from 471,509 thousand. Linde returned $1,685 million to shareholders in the quarter through dividends and stock repurchases, net of issuances, and had repurchased $10.3 billion of shares under its 2023 program by September 30, 2026, with $4.7 billion still authorized. (Linde Q3 2026 release, Oct 29, 2026; Linde Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Linde guides adjusted diluted EPS in its release, for the next quarter and the full year. For Q4 2026 it expects $4.40 to $4.50, up 5% to 7%, with no expected currency impact, and for full-year 2026 $17.82 to $17.92, up 8% to 9% assuming favorable currency of 2%. It gives no sales guidance and does not reconcile the adjusted EPS outlook to GAAP. (Linde Q3 2026 release, Oct 29, 2026)

Linde expects 2026 capital expenditures of $5.5 billion to $6.0 billion, including spending on a $7.9 billion contractual sale of gas project backlog. Total project backlog was $11 billion. (Linde Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Linde, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Linde's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LIN is on is LIN a buy or a sell?, what analysts expect next is on the LIN forecast, and what the company does is on the Linde (LIN) stock page.

Every number on this page can be traced to a document Linde published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.